China National Offshore Oil Corporation (CNOOC) and Shell Nanhai BV (Shell) on mRahc 22, 2016 announced the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, Guangdong Province, China. Subject to regulatory approvals, CNOOC and Shell have agreed that CSPC should take over CNOOC’s ongoing project to build additional chemical facilities next to CSPC’s petrochemical complex.
The project includes the ongoing construction of a new ethylene cracker and ethylene derivatives units, which will increase ethylene capacity by more than 1 million tonnes of per year, about double the current capacity. It will also include a styrene monomer and propylene oxide (SMPO) plant, which will be the largest such plant ever built in China.
“The expansion of the Nanhai petrochemical complex supports the Chinese long-term petrochemicals development plan and mixed ownership reform direction. We are delighted that Shell will contribute to the project and our joint venture with industry-leading technology, with improved value through integration with nearby CNOOC refineries to produce high quality petrochemicals for China’s growing domestic markets,” said Dong Xiaoli, general manager assistant of CNOOC and general manager of CNOOC Oil & Petrochemicals Co Ltd.
Shell will apply its proprietary OMEGA, SMPO and polyols technologies to produce 150,000 tonnes per annum (tpa) of ethylene oxide, 480,000 tpa of ethylene glycol and 600,000 tpa of high quality polyols. This increases the volumes and diversity of CSPC’s high quality product range to around 2 million tonnes per year, as well as enhances overall energy efficiency. It will be the first time that Shell’s industry-leading OMEGA and advanced polyols technologies will be applied in China.
The CSPC site currently converts a variety of liquid feedstocks into olefins and derivative products, which are used in a wide range of consumer goods, including computers, plastic bottles and washing liquids.
The project includes the ongoing construction of a new ethylene cracker and ethylene derivatives units, which will increase ethylene capacity by more than 1 million tonnes of per year, about double the current capacity. It will also include a styrene monomer and propylene oxide (SMPO) plant, which will be the largest such plant ever built in China.
“The expansion of the Nanhai petrochemical complex supports the Chinese long-term petrochemicals development plan and mixed ownership reform direction. We are delighted that Shell will contribute to the project and our joint venture with industry-leading technology, with improved value through integration with nearby CNOOC refineries to produce high quality petrochemicals for China’s growing domestic markets,” said Dong Xiaoli, general manager assistant of CNOOC and general manager of CNOOC Oil & Petrochemicals Co Ltd.
Shell will apply its proprietary OMEGA, SMPO and polyols technologies to produce 150,000 tonnes per annum (tpa) of ethylene oxide, 480,000 tpa of ethylene glycol and 600,000 tpa of high quality polyols. This increases the volumes and diversity of CSPC’s high quality product range to around 2 million tonnes per year, as well as enhances overall energy efficiency. It will be the first time that Shell’s industry-leading OMEGA and advanced polyols technologies will be applied in China.
The CSPC site currently converts a variety of liquid feedstocks into olefins and derivative products, which are used in a wide range of consumer goods, including computers, plastic bottles and washing liquids.
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